fbpx

Mortgage advisors remain optimistic about 2011’s mortgage market

According to a recent report by TMA (The Mortgage Alliance), 86 percent of its club members expect their business volumes to rise over the forthcoming twelve months.

The mortgage club conducted a survey amongst its mortgage brokers and found that every single one of the directly authorised respondents (DAs) believed their business will stay the same or increase. Indeed, only 14 percent believed the volume would remain the same.

When discussing potential to increase their revenue, 65 percent of the brokers expected protection (insurance) to offer the most potential with buy-to-let coming in second at 28 percent.

A fifth of respondents stated Commercial was expected to be their top area for growth. A further 15 percent cited Equity Release (for which mortgage advisors require their CeRER exam on top of the CeMAP exam) and 10 percent selected General Insurance. Other options included Investment Advice, Regulated Pensions and Specialist Packaging.

Over 50 percent of the directly authorised brokers believed that overall mortgage lending would remain approximately in line with the levels seen in 2010. 38 percent believed mortgage lending would increase. A mere 5 percent thought mortgage lending would end lower.

The mortgage advisors’ views on house prices were split. 48 percent believed property prices would be roughly in line with those prices seen in December 2010. Just over a quarter (26 percent) thought prices would increase up to 5 percent and a further quarter thought prices might fall up to 5 percent.

Head of the TMA, Phil Whitehouse, head of TMA, commented:

“Despite predictions of intermediary numbers falling, the results of this survey indicate that DA brokers are looking to 2011 with a good level of optimism.”

Share:

Facebook
Twitter
Pinterest
LinkedIn
Related

Related Posts

CeMAP Course Online pop up
Update cookies preferences